For those of you that have left W-2 job wondering at what point you felt comfortable doing that, was there a certain magic number you had to have, did you have a plan in place before leaving, did you ever look back, what did you end up doing, and how did you manage getting health insurance. I am in engineering/project management and like my job, but sometimes wonder when can I be independent regardless.
Investor · Columbus, MT · Member since 2013 · 1k+ posts · 1k+ votes
5y
@Arta Montero
You have to create your own benchmarks and adjust them as you go. We started out thinking we would be done with w-2 when we had 7 properties. We now have 11 and we are just getting to the point of leaving the w-2 for good. (I've been part time for 2 years)
Hampden, ME · Member since 2017 · 29 posts · 5 votes
5y
My goal is to leave my job when my real estate portfolio makes me twice my current income. I chose this because i want to continue building momentum at a good pace. If I just replace my current income then I am back at the starting line without a lot of disposable income. So I want to double it while also reducing my monthly expenses. I also want to make the switch in the next 4-5 years (by about the age of 35). I am also an engineer and I love engineering but I think I personally don't like as someone said before running around the hamster wheel looking for treats. I want to do my own thing and enjoy my life on my terms. I know this isn't quite the answer to the question you asked but maybe it helps!